From a______________perspective,business cycles are the result of capitalist greed.In order to maximize profits,capitalists suppress the wages of workers.As the prices of products increase,workers are not able to purchase them in the quantities that have been produced.

Question

Quizplus · Accepted Answer

The perspective described is that of conflict theory, which views social inequality and conflict over resources as the driving force behind societal change. In this case, the conflict arises between capitalists and workers, with capitalists seeking to maximize profits through wage suppression, while workers are unable to purchase goods due to their low wages. This creates a cycle of economic boom and bust, which is the basis for the business cycle.

From A______________perspective,business Cycles Are the Result of Capitalist Greed